The Japanese market for Pile Knit or Crochet Fabric of Synthetic Fibres has seen a consistent decline, dropping from a value of 85.315 million USD in 2013 to 41.221 million USD in 2023. The market's year-on-year changes highlight a contraction trend, with significant drops, especially in 2020, which experienced a near 20% decline. The last five years have shown an average annual decrease (CAGR) of 6%, despite a brief recovery in 2021.
Future trends to watch for in this market include:
- Technological advancements that might lower production costs.
- Increasing demand for sustainable and eco-friendly synthetic fibers.
- Potential market growth in response to innovations in fabric utility and design.
- Impact of global trade policies and economic recovery post-pandemic.
How does Japan rank in Pile Knit or Crochet Fabric of Synthetic Fibres Market Size Value?
| # | 12 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Colombia | 185,620,000 | 2023 | +3.71% | +3.82% | View data |
| 2 | 2 Spain | 90,201,000 | 2023 | +4.46% | +4.06% | View data |
| 3 | 3 Germany | 90,163,000 | 2023 | +4.45% | +6.34% | View data |
| 4 | 4 United Kingdom | 74,669,000 | 2023 | +1.55% | +1.75% | View data |
| 5 | 5 Japan | 41,221,000 | 2023 | -6.3% | -6% | |
| 6 | 6 France | 33,863,000 | 2023 | +0.25% | +0.45% | View data |
| 7 | 7 Canada | 11,403,000 | 2023 | -12.49% | -7.05% | View data |
